XRP price fell 4% over the past 24 hours to trade at $1.83 as of 2:42 a.m. EST, while trading volume rose 37% to $3.8 billion.
The decline comes as veteran trader Peter Brandt warns of a possible bearish technical situation for XRP.
In a post on X, Brandt told traders that the asset may form a double top pattern on the weekly chart.
I know in advance that you are all Riplosts $XRP will forever remind me of this post – ask me if I care
This is a potential double top. Of course it could fail, and if it does, I will address it
But for now, this has bearish implications
Whether you like it or not, you have to deal with it pic.twitter.com/yPGjzuqNN3— Peter Brandt (@PeterLBrandt) December 17, 2025
If a double top is confirmed, it often signals a possible bearish trend reversal and puts bearish pressure on an asset.
Brandt added that while the pattern could fail, it currently carries bearish implications.
“This is a potential double top,” he said. “Sure, it could fail, and I’ll address it if it does. But for now, this has bearish implications. Like it or not, you have to deal with it.”
The Ripple token is down 26.5% this year and 14% in the past month, reflecting the slump in the broader crypto market.
Will the XRP price continue to decline?
XRP Price Analysis: Bears Take Control as Price Approaches Key Support
The XRP priceused the Fibonacci level of 0.786 in June to rise through a parabolic curve and reached an all-time high around $3.66 in July.
However, the Ripple token bulls were unable to hold this level as sellers started booking profits, pushing the price down within a descending channel pattern and retaking the previous support areas, which now act as resistance zones on the Fibonacci Retracement chart.
XRP bears appear to be in full control as the price is now approaching long-term support around the 200-day Simple Moving Average (SMA) at $1.82, which if breached could cause the value to fall even further.
The short-term indicator also shows that the price of XRP could be in a bearish trend as the 50-day SMA remains above $2.63.
Meanwhile, the Relative Strength Index has also turned negative, falling to 32, a signal that sellers are still in control.
Furthermore, the Moving Average Convergence Divergence (MACD) on the 3-day chart shows that the price of the Ripple token has lost momentum as the orange signal line has crossed above the blue MACD line.
Ripple Token Price Risks Drop to $1.63
According to the XRP/USD chart analysis, the Ripple token could continue to decline as key indicators have turned negative.
The first major support is at the 200-day SMA at $1.82. If bears break below this key support, the next support area will be at the 1 Fib level at $1.6382, which also acts as a buffer against further downside pressure.
Conversely, the 200-day SMA could act as a strong support area. If bulls hold this support, XRP could stage a trend reversal, with the 0.618 and 0.5 Fib zones reaching $2.41 and $2.65, respectively.
Related news:
Best Wallet – Diversify Your Crypto Portfolio
- Easy-to-use, feature-driven crypto wallet
- Get early access to upcoming token ICOs
- Multi-chain, multi-wallet, non-custodial
- Now in the App Store, Google Play
- Stake to earn native token $BEST
- 250,000+ monthly active users
#XRP #Price #Drops #Brandt #Warns #Bearish #Double #Top #Risk